RealClearPolitics - Sunbeams from Cucumbers
Good article, this paragraph sums a lot of the current situation up for me.
Good article, this paragraph sums a lot of the current situation up for me.
It is Demagoguery 101 to identify an unpopular minority to blame for problems. The president has chosen to blame "speculators" -- aka investors; anyone who buys a share of a company's stock is speculating about the company's future -- for Chrysler's bankruptcy and the dubious legality of his proposal. Yet he simultaneously says he hopes that private investors will begin supplanting government as a source of capital for the companies. Breathes there an investor/speculator with such a stunted sense of risk that he or she would go into business with this capricious government?
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